The issue of a model agency licence by the administrative authority is subject to conditions determined by regulation. Where an agency is legally established in another Member State of the European Union or party to the Agreement on the European Economic Area, account is taken of the equivalent requirements to which it is already subject.
The licence lapses if its holder does not produce, by specified deadlines, documents proving that he or she continues to meet the conditions for its issue and that his or her situation is in order with regard to this code.